Post Utme Uniosun 2021 Accounting Question 14

Practice objective / multiple choice question 14 from the 2021 Post Utme Uniosun Accounting examination.

Post Utme Uniosun 2021 Accounting Objective / Multiple Choice
Question 14 POST_UTME_UNIOSUN • 2021 • ACCOUNTING • objective

A company's cash book shows the following transactions: (i) Purchase of office equipment for ₦120,000 cash. (ii) Sale of goods for ₦80,000 cash. (iii) Payment of rent for ₦20,000 by cheque. (iv) Purchase of goods for ₦60,000 by cheque. Determine the net cash received by the company from the above transactions.

Answer Options

A. ₦80,000
Correct Answer B. ₦100,000
C. ₦120,000
D. ₦140,000
Correct Answer
B
Correct Option:
₦100,000

About This Question

This is Post Utme Uniosun 2021 Accounting Question 14. It is one of the objective questions from the 2021 Post Utme Uniosun Accounting examination.

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